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About Simplify High Yield ETF
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Inception date
Feb 14, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
CDX aims for income by providing exposure to US high-fixed income ETFs and a credit hedge overlay. The portfolios ETFs target bonds with different maturities, durations, and quality, such as iShares Broad High Yield ETF (USHY) and the VanEck Fallen Angel High Yield ETF (ANGL). CDX will utilize several credit hedge strategies consisting of calls on credit default swaps, SPX puts, and Quality-Junk factor-based hedges (quality-minus-junk or QMJ). In a QMJ strategy, investors go long high-quality securities and short low-quality ones. These strategies are designed to help protect the core high-yield exposure when credit spreads widen. Up to 20% of the portfolio can be invested in derivatives, containing exchange-traded and OTC put and call options on equity or fixed income indices, equity or fixed income ETFs, and purchasing total return swaps. The adviser anticipates buying and selling its derivatives depending upon the funds rebalancing requirements and expiration dates.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government98.46%
ETF0.74%
Cash0.56%
Mutual fund0.21%
Rights & Warrants0.02%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CDX top holdings are United States Treasury Bills 0.0% 05-AUG-2025 and United States Treasury Bills 0.0% 08-JUL-2025, occupying 53.39% and 21.00% of the portfolio correspondingly.
CDX last dividends amounted to 0.15 USD. The month before, the issuer paid 0.15 USD in dividends,
CDX assets under management is 176.79 M USD. It's risen 0.88% over the last month.
CDX fund flows account for 15.81 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CDX pays dividends to its holders with the dividend yield of 11.44%. The last dividend (Apr 30, 2025) amounted to 0.15 USD. The dividends are paid monthly.
CDX shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Feb 14, 2022, and its management style is Active.
CDX expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
CDX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CDX invests in bonds.
CDX price has risen by 0.30% over the last month, and its yearly performance shows a 0.70% increase. See more dynamics on CDX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.12% over the last month, showed a 4.21% increase in three-month performance and has increased by 12.79% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.12% over the last month, showed a 4.21% increase in three-month performance and has increased by 12.79% in a year.
CDX trades at a premium (0.43%) meaning the ETF is trading at a higher price than the calculated NAV.